Tata Elxsi says Gaurav Bajaj resigns as Chief Financial Officer; names Nalin Rana as successor

Tata Elxsi on Monday announced that its Chief Financial Officer Gaurav Bajaj has resigned from his position, effective close of business hours on May 29, 2026, to pursue opportunities outside the organisation.

The Nomination and Remuneration Committee and the Board of Directors have placed on record their appreciation for his contribution during his tenure as CFO, the company said in a regulatory filing.

The company further said that it has approved the appointment of Nalin Rana as the new Chief Financial Officer, effective May 30, 2026, following the recommendation of the NRC. He will also serve as a Key Managerial Personnel under the Companies Act, 2013.


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Nalin Rana brings around 17 years of experience across strategic finance, corporate strategy, investment banking, M&A and fund-raising. He currently holds leadership roles within the Tata Group, including at Tata Sons, and serves on the boards of Tata Teleservices Limited and Tata Teleservices (Maharashtra) Limited.

Prior to joining the Tata Group in 2021, he was Executive Director in investment banking at Standard Chartered Bank, where he advised clients on M&A and fund-raising transactions worth over $15 billion.

The company said the transition is in line with regulatory disclosure requirements under SEBI Listing Regulations.